All Forum Posts by: Megan Templeton

Hi there! @Heather K.

It will be dependent upon the type of loan and units in the property as to whether you can transfer to an LLC post closing. IF the lender wont allow an LLC on the front end, I would recommend asking them about a business trust or differ type of entity like a partnership.

Thanks,

-Megan

Hi there! @Josh Edelson

The DST does have tax benefits - particularly when it comes to 1031s. The DST allows you to sell your rental property and defer the capital gains tax and invest into a self managed portfolio of real estate. A DST also allows you to capture business expenses because its considered a business trust.

Thanks,

-Megan

@Matthew DiGiacomo

Try to check Royal Legal Solutions they're a great resource for what you are looking for. They are a one stop shop operating in all 50 states have attorneys and CPAs on staff to assist with entity structuring, business planning, and tax planning.

Thanks,

-Megan

@Gini Dutt-Roye

Try to check Royal Legal Solutions they're a great resource for what you are looking for. They are a one stop shop operating in all 50 states have attorneys and CPAs on staff to assist with entity structuring, business planning, and tax planning.

Thanks,

-Megan

@Huy Huynh

Try to check Royal Legal Solutions they're great resource for what you are looking for. They are a one stop shop operating in all 50 states have attorneys and CPAs on staff to assist with entity structuring, business planning, and tax planning.

Thanks,

-Megan

@Chris Pinault, @Nitt Saenbut

Try to check Royal Legal Solutions they're great resource for what you are looking for. They are a one stop shop operating in all 50 states have attorneys and CPAs on staff to assist with entity structuring, business planning, and tax planning.

Thanks,

-Megan

@Yashar Fred

Try to check Royal Legal Solutions they're great resource for what you are looking for. They are a one stop shop operating in all 50 states have attorneys and CPAs on staff to assist with entity structuring, business planning, and tax planning.

Thanks,

-Megan

@Ravali Devarapalli

Try to check Royal Legal Solutions they're great resource for what you are looking for. They are a one stop shop operating in all 50 states have attorneys and CPAs on staff to assist with entity structuring, business planning, and tax planning.

Thanks,

- Megan

For equity stripping, I would set up an LLC to hold the notes and then have a note created between each property and the new LLC. The recorded notes would make it appear as if the property is over leveraged in public forums but you would be the actual note holder.

Hi there! I do recommend holding the STR in an LLC - an LLC with anonymity if possible. I agree the umbrella policy is not the first line of defense but I do recommend one in conjuction with your LLC. For the loan, I would recommend getting the loan in your name and transferring the propety to an LLC post closing. There are exceptions to the due on sale clause an depending on the type of property, an attorney can help you meet the requirements so that a trasnfer post closing wont trigger the DOS (the process involves use of a trust). Gettting the loan in your name will provide much better rates and if done correctly is low risk so I would go that route. Happy to answer any other questions on this you may have.